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March 27, 2024 | Delaware Business Court Insider

Why Corporate Attorneys Say Delaware Courts Aren't Pushing Away Their Clients

Corporate practitioners say there's been no signs that there will be any significant corporate exodus from Delaware in the near future.
4 minute read
March 27, 2024 | Delaware Business Court Insider

Big Law Lawyers With Chancery Experience Broker Deal to Take Trump-Backed Truth Social Public

Bondi also represented Digital World in a Delaware Chancery Court dispute with sponsor ARC Global Investments over its entitlement to shares in the combined entity, in which the court ruled in Digital World's favor.
2 minute read
March 27, 2024 | Delaware Business Court Insider

Chancery Dismisses Suit Against Walgreens Directors, Rejecting 'Reflexively Filed' 'Caremark' Claims

"Fueled by hindsight bias," Vice Chancellor Lori W. Will explained, Caremark suits have "proliferated in Delaware" seeking to hold directors personally liable for imperfect efforts, operational struggles and business decisions. But, the court noted, a stockholder's position that the board's response to a corporate crisis merely "came too late and did too little" is insufficient under Caremark, which requires a showing that directors acted in bad faith.
6 minute read
March 26, 2024 | Delaware Business Court Insider

'Just a Bunch of Zeroes and Ones': Crypto Valuation Sets Up 'Battle of Experts' in FTX Bankruptcy

"The difficulty with valuing crypto assets as opposed to other assets is they have no inherent value," a bankruptcy judge observed.
4 minute read
March 25, 2024 | Delaware Business Court Insider

Womble Bond Dickinson US CEO Betty Temple on All That Lateral Growth. And How to Control It.

In this week's Legal Speak episode, Womble Bond Dickinson U.S. CEO Betty Temple discusses how her firm has gone about vetting and integrating lateral candidates to fuel the firm's growth strategy.
1 minute read
March 22, 2024 | Delaware Business Court Insider

Former Employees Accuse X of Stalling, Noncompliance With Arbitration Agreements

According to the petition, the social-media company has delayed hundreds of arbitrations involving ex-employees.
3 minute read
March 22, 2024 | Delaware Business Court Insider

Ninth Circ. Bankruptcy Appellate Panel: Corporate Debtors in Subchapter V Are Not Subject to Discharge Exceptions

Small businesses seeking to reorganize should be mindful of this growing area of case law as they weigh their different reorganization options including, importantly, where they choose to reorganize and what type of reorganization chapter they should pursue.
8 minute read
March 21, 2024 | Delaware Business Court Insider

Patterson Belknap Litigator Confirmed as FTX Examiner

Judge John Dorsey ordered the appointment of Patterson Belknap of counsel Robert Cleary to conduct a 60-day investigation of the FTX collapse.
3 minute read
March 21, 2024 | Delaware Business Court Insider

Ousted Chemours Execs Targeted in Securities Action Over Corporate Books

ernstein Litowitz Berger & Grossman and Kessler Topaz Meltzer & Check are representing the plaintiff in the case, which brings Exchange Act claims against Chemours and several executives.
3 minute read
March 21, 2024 | Delaware Business Court Insider

Key Delaware Decision in 'Activision' Upends Standard Board Practices for Approving Mergers

This article lays out practice points in response to the Delaware Court of Chancery's recent decision in In Ap-Fonden v. Activision, which opens a new frontier for challenging a board's process in approving mergers. It discusses the significance the decision has on the merger agreement processes as well as what practitioners should consider moving forward as they navigate this decision.
18 minute read

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